Capitalism and the Common Man :: Economy Economics Essays

Capitalism and the Common earth There are some arguments, having a faint measure of plausibility, that energise served politicians, charlatans and assorted do-gooders for well for over a century in their betoken for control. One of those arguments is capitalism primarily benefits the rich and not the common man. That imaginativeness prompts declarations such as Congressman Richard Gepharts assertion that mettlesome income earners are winners in the lottery of life. Then theres, Robert Reich, former Secretary of Labor, who says high income earners the fortunate fifth. These tight visions lead to calls for those whove been blessed to extend back either voluntarily or coercively through the tax code. While demagogic statements like these have high emotive worth, they reflect resolute, near incurable stupidity about the sources of income. earreach to some of the talk about income differences, one would think that out there somewhere is a pile of money. People who are wealthy sa lutary happened to get there first and greedily took an unfair share. Justice requires that they give back. Or, theres talk about income dispersal. The way some hatful talk, unequal distribution of income means that there is a dealer of long horses who shells out $1,000 to one person, $100,000 to another(prenominal) and a million dollars to yet another. Thus, the reason why some people are wealthy while others are not wealthy is that the dollar dealer is a racist, sexist, a multi-nationalist, or just plain mean. frugal justice requires a re-dealing of the dollars, income redistribution, where the ill-gotten gains of the few are returned to their rightful owners.In a free society, for the most part, people with high incomes have show extraordinary ability to produce valuable services for, and therefore interest their fellow man. Sam Walton, founder of Walmart, Bill gate, founder of Microsoft, and singer Michael capital of Mississippi provided services deemed highly valuable by t heir fellow men who voluntarily took money out of their pockets to purchase those services. Their high incomes stand as manifest proof of that service. Their high incomes also reflect the democracy of the commercialize place. For example, millions upon millions of self-employed person decision makers decided to fork over $200 or $ three hundred for Microsoft founder Bill Gates Windows 98 operating system. Those who think Bill Gates is too rich, and want to redistribute his income, are really registering disagreement with the democracy of the market place and want to cancel or offset the market vote.